Friday, March 11, 2011

YEN slides following 8.9 Earthquake and Tsunami.


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Following a massive earthquake that struck Japan at about 2:46 local time, Asian Stock Markets have had a rapid decline and especially the Japanese Yen, relative to other currencies like the US Dollar.







According to the US Geological Survey, the epicenter of the earthquake is about 231 miles northeast of Tokyo. Shortly after it struck, television footage showed cars and some buildings being washed by huge waves into the sea.


Friday, March 11 is also the day the has been dubbed the "Day of Rage" in Libya, where protests threaten to topple the 41 year old Qaddafi regime.


There will be a lot of uncertainty  in the financial markets, and a lot of attention will be paid to the New York Stock Exchange when it opens up for business Friday morning.

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